Dominion Energy, Inc. (NYSE:D) Shares Bought by Arlington Capital Management Inc.

Arlington Capital Management Inc. increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,951 shares of the utilities provider’s stock after purchasing an additional 1,191 shares during the period. Arlington Capital Management Inc.’s holdings in Dominion Energy were worth $967,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in D. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth $210,000. Great Valley Advisor Group Inc. purchased a new position in Dominion Energy in the third quarter valued at about $266,000. Cerity Partners LLC boosted its stake in shares of Dominion Energy by 1.6% during the 3rd quarter. Cerity Partners LLC now owns 262,249 shares of the utilities provider’s stock worth $15,155,000 after acquiring an additional 4,035 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Dominion Energy by 12.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 102,366 shares of the utilities provider’s stock worth $5,916,000 after acquiring an additional 11,093 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $52.86 on Wednesday. Dominion Energy, Inc. has a 1 year low of $46.56 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a 50 day moving average price of $55.19 and a 200 day moving average price of $56.24. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.05%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $57.58.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.